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Seigniorage
(redirected from Seigneurage)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
Seigniorage
The amount of goods and services that the government obtains by printing new money in a given period. Often we consider this in real terms, by dividing the new money by the price level.

Seigniorage
The money a government generates when it prints more money. This usually is calculated as the difference between the face value of the money and the value of the bullion backing it.


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Whether it was the seigneurage that a young baron paid to the king when taking over his father's lands or the tax the Romans levied on inheritance, the principle of society taking a proper cut on such bequests has long been established.
 
 
 
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